Since Russian accounting is mainly influenced by tax regulations, it is highly formalistic. This contributes to the fact, that from Russian accounting no meaningful managerial reporting are extracted by default.

The company 1C offers an accounting software, which also includes Russian tax regulations. Thereby the company holds a quasi-monopoly. However, in its standard version the program is not well-suited for financial analysis.

In order to extract a useful business analysis from accounting, the software needs to be adapted and the adaptation needs to be automatic.

Our IT-business analysts can offer several solutions:

• Adaptations of the Russian software 1C to give you the possibility to extract your required business reports. For example, we create parallel account structures and connect them automatically, so that next to the pre-defined Russian account structure you can also use a company-internal one. In this second internal structure corrective bookings may be done, in order to obtain an accounting-report that follows Western standards.
• Another parallel approach is to create interfaces between the program 1C and other programs within some ERP-system.

We will be delighted to provide you with advice on an individual solution for your company.